Print Edition - 2018-04-20  |  Money Digest

Unilever plans share buyback, dividend boost


Apr 20, 2018-

Unilever, the consumer goods multinational whose brands include Dove, Knorr and Ben & Jerry’s, says it is planning a share buyback worth up to 6 billion euros ($7.4 billion) later this year. Unilever said on Thursday that sales in the first quarter were hit by unfavorable currency exchange rates and fell 5.2 percent to 12.6 billion euros ($15.6 billion) compared with the same period last year.  However, the company added that underlying sales growth was 3.4 percent. Unilever, which last month announced plans to consolidate its global headquarters in Rotterdam instead of London, also raised its quarterly dividend by 8 percent. CEO Paul Polman says the first quarter “demonstrates another good volume-driven performance” at its Beauty & Personal 

Care, Home Care, and Foods & Refreshment divisions. (AP)

Published: 20-04-2018 08:31

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment